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Moneycontrol.com India | Notes to Account > Computers - Software > Notes to Account from AGS Infotech - BSE: 533314, NSE: N.A
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AGS Infotech
BSE: 533314|ISIN: INE966E01016|SECTOR: Computers - Software
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« Mar 10
Notes to Accounts Year End : Mar '11
1.  Additional Information required under Paragraph 3 and 4D of Part II
 of Schedule VI of Companies Act, 1956-NOT APPLICABLE.
 
 2.  Earnings in Foreign Exchange during the year Rs.Nil (previous year
 – 98,58,252).Expenditure in foreign currency- Nil.
 
 3.  Loans availed from Bank is charged against fixed asset and current
 asset of the company, additional collateral provided and carries the
 personal guarantee of promoter Directors.
 
 4.  No employee has been paid remuneration in excess of Rs.24,00,000/-
 per annum or Rs.2,00,000/- per month.
 
 5.  Balance standing to the debit/credit of parties are subject to
 confirmation by them.
 
 6.  As per requirements of Accounting Standard (AS22)-Accounting for
 taxes of Income issued by the Institute of Chartered Accountants of
 India in absence of virtual certainty of sufficient future taxable
 income, the company, in the books of accounts has not been recognized
 the deferred tax in respect of unabsorbed depreciation and accumulated
 losses under the Income tax laws.
 
 7.  The Amounts payable to Small Scale Industrial Undertaking in excess
 of Rs.1,00,000/- is NIL.
 
 8.  Previous year figures have been re-grouped/re-arranged /
 re-classified wherever necessary to confirm to the classification
 adopted for the current year.
 
 9. Figures have been rounded off to the nearest rupee.
 
 10. Operation of the Company current is in single segment and as such
 separate segment details are not available.
Source : Dion Global Solutions Limited
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